1.

A
ARIS SORIANO FILA TOTAL
SALARY 40,000.00 40,000.00 80,000.00
BONUS 1,000.00 1,000.00
REMAINDER 3,000.00 4,000.00 3,000.00 10,000.00
43,000.00 44,000.00 4,000.00 91,000.00

2. B

SALES 70,000.00
COST OF SALES - 40,000.00
OPERATING EXPENSES - 10,000.00
INTEREST EXP - 2,000.00
18,000.00

3. D

DRAWINGS 260,000.00
ADDITIONAL INVESTMENT 50,000.00
DECREASE AFTER DRAWINGS 210,000.00
NET DECREASE 120,000.00
VILLENA PROFIT SHARE 90,000.00
DIVIDE IT BY 30%
PROFIT OF THE FIRM 300,000.00

4. A
MARASIGAN CABANCE CEQUINA TOTAL
BEG CAPITAL 120,000.00 120,000.00 120,000.00 360,000.00
ADD PROFIT
SALARIES 30,000.00 30,000.00 45,000.00 105,000.00
BONUS 1,500.00 1,500.00 3,000.00
REMAINDER 3,600.00 3,600.00 4,800.00 12,000.00
35,100.00 35,100.00 49,800.00 120,000.00

LESS: DRAWINGS 30,000.00 30,000.00 45,000.00 105,000.00

ENDING CAPITAL 125,100.00 125,100.00 124,800.00 375,000.00

5. C

REPORTED PROFIT 15,000.00

ADD/(DEDUCT) ADJUSTMENTS
2022 PREPAID EXP - 1,400.00
 UNEARNED INCOME 1,225.00
2023 ACCRUED INCOME 875.00
ACCRUED EXP - 1,050.00 - 350.00
CORRECT INCOME 14,650.00
MULTIPLY IT BY 17%
PROFIT SHARE OF BALLADA 2,490.50

P&L RATIO
DEL MUNDO X 7/10 OR 70% = 60%
BALLADA 85% X 2/10 OR 20% = 17%
MENDOZA X 1/10 OR 20% = 9%
BURGOS 15% 15%
100%

6. D

PROFIT 80,000.00
% P/L RATIO 3/12
BIO PROFIT SHARE 20,000.00

7. B

SALES 233,000.00
LESS SALES RETURNS 5,000.00
NET SALES 228,000.00
LESS: COST OF SALES
PURCHASES 196,000.00
ENDING INVTY - 73,000.00 123,000.00
GROSS PROFIT 105,000.00
LESS: EXPENSES
OPERATING 60,000.00
ADJUSTMENTS:
ACCRUED EXP 1,550.00
PREPAID INS - 950.00
SUPPLIES ON HAND - 2,500.00
DEPRECIATION 20% 7,500.00 65,600.00
NET INCOME 39,400.00

KWONG MORALES TOTAL

BEG CAPITAL 125,000.00 75,000.00 200,000.00
ADD PROFIT

SALARY 25,000.00 25,000.00

BONUS 1,440.00 1,440.00
 BALANCE 8,100.00 4,860.00 12,960.00
PROFIT SHARE 34,540.00 4,860.00 39,400.00

LESS: DRAWINGS 20,000.00 30,000.00 50,000.00

ENDING CAPITAL 139,540.00 49,860.00 189,400.00

8. B
PROFIT SOLIMAN PALAGANAS TOTAL
BONUS 20,000.00 20,000.00
BALANCE 2:3 32,000.00 48,000.00 80,000.00
52,000.00 48,000.00 100,000.00

LOSS SOLIMAN PALAGANAS TOTAL

- 40,000.00 - 60,000.00 - 100,000.00

SOLIMAN HAS HIGHER PROFIT SHARE AND HAS LOWER SHARE IN THE LOSS

9. B

BEG CAPITAL OF RIVERA 24,000.00

SHARE IN THE LOSS 40K X 3/10 12,000.00
12,000.00
DRAWINGS 10,000.00
ENDING BALANCE. 2,000.00

10. B

DEMA
40,000.00 3 120,000.00 DEMA
35,000.00 4 140,000.00 20% INTEREST 8,400.00
45,000.00 2 90,000.00 BALANCE 52,800.00
50,000.00 2 100,000.00 61,200.00
54,000.00 1 54,000.00
12 504,000
/12 42,000.00

BARBOSA
25,000.00 5 125,000.00
35,000.00 3 105,000.00
32,000.00 1 32,000.00
31,000.00 2 62,000.00
36,000.00 1 36,000.00
12 360,000
 /12 30,000.00

11 D

SALARY PER AGREEMENT

BARBO 24,000.00
OTHER PARTNER 35,000.00
TOTAL 59,000.00

12. C

ZUNIGA ARMEBTSA GALANG. TOTAL

10% X 200K 20,000.00 20,000.00
20% X 300K 60,000.00 60,000.00
5% X (500K-20K-60K) 21,000.00 21,000.00 42,000.00
BALANCE 126,000.00 126,000.00 126,000.00 378,000.00
206,000.00 147,000.00 147,000.00 500,000.00

13. C

BACALSO AVE CAP

48,000.00 4 192,000.00
42,000.00 2 84,000.00
36,000.00 6 216,000.00
12 492,000.00 41,000.00

TENJEROS
24,000.00 3.00 72,000.00
36,000.00 6.00 216,000.00
28,000.00 3.00 84,000.00
12 372,000.00 31,000.00

14. C 3.00 3.00 2.00 2.00

ANA YEE GOZUN CAL TOTAL
5% INTEREST 2,500.00 1,250.00 1,250.00 1,000.00 6,000.00
SALARIES 5,000.00 3,000.00 8,000.00
BALANCE 5,000.00 5,000.00 3,333.33 3,333.33 16,666.67
12,500.00 9,250.00 4,583.33 4,333.33 30,666.67

15. B

GARACHICO PEREZ BURGOS TOTAL

BEG CAPITAL 150,000.00 200,000.00 250,000.00 600,000.00
ADD INVESTMENT 30,000.00 20,000.00 50,000.00
PROFIT 53,180.00 62,060.00 60,760.00 176,000.00
WITDRAWAL 10,000.00 10,000.00 30,000.00 50,000.00
 223,180.00 272,060.00 280,760.00 776,000.00

GARACHICO PEREZ BURGOS TOTAL

SALARY 24,000.00 18,000.00 12,000.00 54,000.00
12% INTEREST 19,500.00 24,700.00 29,400.00 73,600.00
BALANCE 9,680.00 19,360.00 19,360.00 48,400.00
53,180.00 62,060.00 60,760.00 176,000.00
AVERAGE CAPITAL
GARACHICO
150,000.00 6.00 900,000.00
180,000.00 3.00 540,000.00
170,000.00 3.00 510,000.00
1,950,000.00 162,500.00

PEREZ
200,000.00 7.00 1,400,000.00
220,000.00 2.00 440,000.00
210,000.00 3.00 630,000.00
2,470,000.00 205,833.33

BURGOS
250,000.00 10.00 2,500,000.00
220,000.00 2.00 440,000.00
2,940,000.00 245,000.00

16. A

CASTILLO LABASAN HOLLANES TOTAL

10% INTEREST 47,250.00 23,865.00 16,235.00 87,350.00
SALARIES 122,325.00 82,625.00 204,950.00
REMAINDER - 139,308.00 - 139,308.00 - 139,308.00 - 417,924.00
30,267.00 - 115,443.00 - 40,448.00 - 125,624.00

17. A

CARLOS NIZA USOP TOTAL

10% X 1M 100,000.00 100,000.00
20% X 2.5M-1M 300,000.00 300,000.00
5% X (2.5M-400K-1.5M) 30,000.00 30,000.00 60,000.00
BALANCE 680,000.00 680,000.00 680,000.00 2,040,000.00
1,080,000.00 710,000.00 710,000.00 2,500,000.00

18. B

REPORTED INCOME 12,500.00

ADD/DEDUCT ADJUSTMENTS
 2022 PREPAID EXP - 800.00
UNEARNED INCOME 700.00
2023 ACCRUED EXP - 600.00
ACCRUED INCOME 500.00 - 200.00
CORRECTED INCOME 12,300.00
MU;TIPLY IT BY 18% 8,466.67
3,321.00

ONATE 50% X 90% 45%

GILLERMO 30% X 90% 27%
CUMAGUN 20% X 90% 18%
AGLUGOB 10% 10%
100%

19. C

INVESTMENT PROFIT
S/DRAWINGS SHARE ENDING CAPITAL
PEREZ 100,000.00 60,000.00 78,000.00 238,000.00
YUZON 150,000.00 - 70,000.00 68,000.00 148,000.00
MERCADO 225,000.00 - 61,750.00 286,750.00
475,000.00 - 10,000.00 207,750.00 672,750.00

PEREZ YUZON MERCADO TOTAL

SALARY 60,000.00 48,000.00 36,000.00 144,000.00
10% INTEREST 13,000.00 15,000.00 20,750.00 48,750.00
REMAINDER 5,000.00 5,000.00 5,000.00 15,000.00
78,000.00 68,000.00 61,750.00 207,750.00
BONUS= PROFIT AFTER BONUS AND SALARY
B= 10% (91,000-B-80,000)
B= 10% (11,000-B)
B= 1,100.00 -.10B
B= 1,100/1.10
B= 1,000.00

B= 25%(120,000-B-105,000)
B= 25% (15,000-B)
B= 3,750.00 -.25B
B= 3750/1.25
B= 3,000.00
PROFIT AND LOSS ARE ASSUMED TO DETERMINE
WHO AMONG THE PARTNERS HAS AN ADVANTAGE
OVER THE OTHER

BARB TOTAL
6,000.00 14,400.00
52,800.00 105,600.00
58,800.00 120,000.00